KSI Technical Recommendation 31 August 2026
August 31, 2026
Jakarta Composite Index
JCI closed down 0.06% to the 6,518.12 level. Throughout Friday's trading (08/28), JCI moved in the range of 6,495.74 – 6,566.91. Foreign investors booked a net sell in the Regular Market of Rp442.38 billion. Technically, JCI is still undergoing a reasonable correction and remains above the EMA10 (6,357), EMA20, and EMA50, and is still moving above the uptrend line. The RSI (14) is at the level of 60.35, still above the neutral area of 50 and indicating that bullish momentum has not entirely faded, but its movement, which is starting to flatten, indicates that investors need to watch out for potential consolidation. As long as JCI can hold above the EMA10 in the 6,357 area, the opportunity for strengthening remains open to retest the resistance at 6,551, before continuing to rise toward 6,635 and 6,733 (closing the gap area). Conversely, if selling pressure increases again and JCI breaks the support at 6,454, the index could correct toward 6,385 – 6,377 as strong support. KIWOOM RESEARCH suggests that the strategy to consider is to hold or buy on weakness selectively as long as JCI can hold above the support area, while investors need to increase caution if the index breaks support, as this could open up opportunities for deeper correction.
ADVISE: Hold or buy on weakness.
Stockpick: ACES, ANTM, BBCA, CBDK.